The European Parliament and the EU's 27 member states will need to approve the AI Act, which seeks fines of up to €35M or 7% of global turnover for violations
- Region couldn't ‘let the perfect be the enemy of the good’ — Negotiators broke coffee machine working late-night deal
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Discussion
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@lukolejnik
@lukolejnik
on x
In the coming world of mass data processing, human dignity will be defended not only by #GDPR but also by a specialized act. The AI Act includes risk analysis, restrictions on the use of biometric systems by the police, option of complaints, fines up to €35M, or 7% turnover. [ima…
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@synapticity
Jon Machtynger
on x
The new EU/AI Act - looks horrifically unworkable and a minefield for punitive fines. It seems these things are mostly targeted at companies & people. Plenty of exemptions for police, security, governments etc. Why am I not surprised? https://www.europarl.europa.eu/ ...
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@carnage4life
Dare Obasanjo
on threads
The EU has passed the AI Act — another set of rules that let them fine US big tech companies since there aren't any European ones. The law will require foundation models, including GPT & Gemini, to comply with transparency obligations before they are released to the public. …
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@carnage4life
Dare Obasanjo
on threads
I'm not saying the regulations or the intent behind them is bad. Just that it's notable that the EU's approach to tech these days is primarily how to restrict its use and fine American (and increasingly Chinese) tech companies. Over time this mindset and approach will lead to a…
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@carnage4life
Dare Obasanjo
on threads
It's interesting to note the EU is now using regulation to opt out of the benefits of the technology industry as other economies like the United States and China are racing headlong to capitalize on it. Over the past few years EU regulators have been working tirelessly to find w…
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@davidaugust@mastodon.online
David August
on mastodon
Progress on legal frameworks around AI safeguards is being made. The EU now has a political agreement around their framework, and is now expected to make it law early next year. — “...threatens stiff financial penalties for violations...7% of a company's global turnover.” …
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@thierrybreton
Thierry Breton
on x
Historic! The EU becomes the very first continent to set clear rules for the use of AI 🇪🇺 The #AIAct is much more than a rulebook — it's a launchpad for EU startups and researchers to lead the global AI race. The best is yet to come! 👍 [video]
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@vonderleyen
Ursula von der Leyen
on x
The 🇪🇺 AI Act is a global first. A unique legal framework for the development of AI you can trust. And for the safety and fundamental rights of people and businesses. A commitment we took in our political guidelines - and we delivered. I welcome today's political agreement.
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@thierrybreton
Thierry Breton
on x
Deal! #AIAct [image]
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@luke_metro
@luke_metro
on x
Two Europes, same day [image]
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@charlesfitz
Charles Fitzgerald
on x
Victory lap for a politically compromised regulatory regime hashed out in smoke-filled room no one has actually seen that optimizes to “do something “/be first (and failed even to be first). Yay Europe! #sticktowineandcheese
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@alex
@alex
on x
Welp gl France let's see if this works
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@growing_daniel
Daniel
on x
Europeans treat regulating things like its some kind of accomplishment and that really tells you everything you need to know about the continent
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@maxhodak_
Max Hodak
on x
i love europe but everyone's intuitions right now are seriously under-rating the fact that europe doesn't actually make almost anything anymore their modern life is completely dependent on other powers, and this is eventually going to cause real problems
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@ashleevance
Ashlee Vance
on x
Think I've been to as many European start-ups as just about anyone on the planet. There's a weird psychological limiter on start-up ambitions that is not helped by universities or governments
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@micsolana
Mike Solana
on x
great, now all they have to do is actually build something
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@cnliberalism
@cnliberalism
on x
Did the EU not learn any lessons from missing out on the previous decade of technological driven economic growth
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@martin_casado
@martin_casado
on x
Europe is a funny place. It worked very hard to lay the foundation modern science and engineering over the last 300 years. And now when given a real chance to be a leader again, is working just has hard to slip into irrelevancy.
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@zsk
Zoe Kleinman
on x
The EU has finalised the AI Act after days of deliberations - it does not include foundation models (these underpin chatbots) - doesn't ban emotional recognition systems, despite inaccuracy issues - focuses on high risk systems https://www.bbc.com/...
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@nabeelqu
Nabeel S. Qureshi
on x
Nice work! Explains why Europe has zero tech industry and so much of its best talent decides they have a brighter future in America. [image]
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@robertjbateman
Robert Bateman
on x
Well, the AI Act deal is finally done. Here are the prohibitions we ended up with. [image]
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@8teapi
@8teapi
on x
You have to realize there's a demoralized core of European engineers... All stuck behind this Great Wall of European nostalgia, an attempt to freeze the clock, as vitality seeps away from what once birthed the Enlightenment
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@swiftonsecurity
@swiftonsecurity
on x
@ThierryBreton ... Begging Europe to continue regulating yourselves so American can win 💪
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@axelvossmdep
Axel Voss MdEP
on x
@EPPGroup But let's be clear: we tried to make the best out of an unworkable approach to #AI. We are still NOT convinced that this is the right way to make sure Europe stays competitive in AI. Innovation will still take place elsewhere. Here, we missed our shot.
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@edwinhayward
Edwin Hayward
on x
The EU set out the world's first comprehensive rules governing the development and use of AI. Only time will tell if they've made the right choices, but it positions them well in the race to further AI, because established players and startups have a clear framework to work to.
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@klyngec
Casper Klynge
on x
PoW: Jury still very much out on whether the EU managed to sweetspot the first ever binding AI regulation or whether this will stifle innovation in Europe. One thing clear though: Compliance requirements will be major challenge for the backbone of Europe's economy: The SME's.
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@mantelero
Alessandro Mantelero
on x
The result is remarkable, but the journey will still be long. As academics, we have months and years ahead to delve deeper into the #AIAct and help make this outcome of a compromise political agreement a key element of EU digital society regulation.
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@pieter_haeck
Pieter Haeck
on x
Technically, nothing passed — it only passes when plenary and COREPER agree with trilogue deal. #nerdmode
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@ep_president
Roberta Metsola
on x
A historic moment for digital Europe. I welcome the landmark deal on the new #AIAct. An avant-garde, responsible, comprehensive legislation that sets global standards. Europe has led and has delivered. Thank you @brandobenifei, @IoanDragosT and @Europarl_EN team. [video]
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@ka_iwanska
@ka_iwanska
on x
Habemus papam. Which papam? No one knows because it's a closed-door negotiation and we might or might not find out if it all makes sense next week. #EUisAFarse
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@privacymatters
@privacymatters
on x
But remember. The ePrivacy Directive was agreed in 2002 and we still don't have a revised instrument that addresses changes in technology & privacy implications
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@infofannny
Fanny Hidvegi
on x
At least these two days are over. And now I can start eating my hat because before yesterday I would have never guessed that they will squeeze a deal out of this situation. #AIAct
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@bertuzluca
Luca Bertuzzi
on x
#AIAct trilogue: it's a wrap! After 36 hours of intense negotiations, EU policymakers have reached a provisional deal on the world's first AI law. Much technical work remains, and it might take weeks to consolidate the text. More details to follow on the political agreement.
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@axelvossmdep
Axel Voss MdEP
on x
We have a deal on the #AIAct! ✅ After years of work and sleepless nights of negotiations, the EU finishes the first global landmark regulation on #AI. This is a huge step for the EU and for fundamental rights.